Home » News » Master Plan for Logistics Centers: Saudi Arabia’s Vision for Economic Diversification and Global Connectivity

Master Plan for Logistics Centers: Saudi Arabia’s Vision for Economic Diversification and Global Connectivity

Al-Marsad Newspaper – SPA: His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, Chairman of the Supreme Committee for Transport and Logistics Services – may God protect him – launched the master plan for logistics centers, which aims to develop the infrastructure of the logistics sector in The Kingdom, diversify the local economy, and strengthen the Kingdom’s position as a leading investment destination and a global logistics hub.

His Highness the Crown Prince – may God protect him – affirmed that the launch of the master plan for the logistics centers is an extension of a package of continuous initiatives, in accordance with the objectives of the National Strategy for Transport and Logistics Services, with the aim of developing the logistics sector to support economic growth and develop local, regional and international connectivity to international trade networks and global supply chains, in addition to Strengthening partnership with the private sector, expanding job creation opportunities, and consolidating the Kingdom’s position as a global logistics center, as it is distinguished by its geographical location that connects three of the most important continents of the world (Asia, Europe, and Africa).

The master plan for the logistics centers includes (59) centers with a total area exceeding (100) million square meters, including (12) logistics centers for the Riyadh region, (12) logistics centers for the Makkah Al-Mukarramah region, (17) logistics centers for the eastern region, and (18) ) a logistical center in the rest of the Kingdom, where work is currently underway in (21) centers, provided that all centers are completed by 2030. The centers will also enable local industries to export Saudi products with high efficiency, as well as support e-commerce to facilitate the link between logistics centers and distribution centers within The regions, cities and governorates of the Kingdom very quickly, in addition to providing high traceability and facilitating the issuance of licenses to practice logistic activity, especially after the launch of the unified logistics license and the granting of licenses to more than (1500) local, regional and international logistics companies, and the launch of the Al-Fasah initiative within two hours in cooperation with the relevant government agencies. .

The logistics services sector represents one of the promising pillars of economic diversification and development in the Kingdom, and it is currently witnessing many qualitative initiatives and major developments aimed at achieving a major shift towards developing the sector and expanding its economic and developmental contributions, as the Ministry of Transport and Logistics works according to a methodology that seeks to develop the logistics industry and enhance the export strategy. , expanding investment opportunities, and devoting partnership with the private sector.

2023-08-27 12:12:46
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